Network People Services Technologies Limited was originally incorporated on October 04, 2013, as a Private Limited Company and subsequently converted into a Public Limited Company in 2020. The company is a banking technology service provider (TSP) primarily engaged in providing software and mobility solutions to the banking and finance sector. Its core focus lies in digital payments, including mobile banking applications, digital transaction solutions such as IMPS (Immediate Payment Service), UPI, digital wallets, and smart transaction solutions.
The company operates as both a TSP and a PPaaS (Payment Platform as a Service) provider, specializing in modernizing payments infrastructure for banks, payment aggregators, and merchants to ensure a smooth flow of payments. With a mission to create the largest network of technology-enabled merchants and users, the company developed a digital ecosystem for the cashless economy through its flagship application named TimePayr. The company is also a Third Party Application Provider (TPAP) facilitating UPI online payment services through TimePay and has its own payment handle from NPCI styled as "@Timecosmos".
Network People Services Technologies offers a comprehensive suite of payment solutions, including:
- UPI Switch: Connects with National Payments Corporation of India (NPCI) infrastructure, third-party systems, and member banks to enable instant UPI transactions across P2P and P2M modes.
- Immediate Payment Service (IMPS) Switch: Facilitates instant electronic fund transfers.
- Mobile Banking and Digital Wallet Solutions: Offers platforms for mobile banking and digital currency management.
- Banking SuperApp: A unified platform for digital banking and payment services.
- Bill Direct: An AI-based billing platform.
- PayJoy: An API-based credit enabling solution.
- UPI Circle: Manages payments with delegation using UPI.
- UPI Lite Auto Top-up: Automates top-ups for UPI Lite.
- Contextual Payments with UPI: Integrates payments within contextual user journeys.
The company also provides:
- EvoK UPI Plugin: A plug-and-play solution for collaborative payments with partner merchants.
- TimePay Evok: An API-based payment platform.
- Qynx: For offline UPI payments.
- TimePay Cash: Enables customers to withdraw cash by scanning a QR code at an authorized TimePay cash merchant.
- Risk Intelligence Decisioning Platform: For real-time fraud detection and management in payments.
Furthermore, the company is engaged in providing smart transaction and merchant management solutions for micro, small, and medium enterprises (MSME). It holds certifications for quality and security:
- ISO 9001:2015: For delivering quality products.
- ISO 27001:2013: Ensuring information security.
- CMMI Level 3: For software & mobile solutions platform process improvement.
For the full year ended March 2025, Network People Services Technologies recorded a net profit of Rs 44.91 crore, representing a growth of 67.01% compared to Rs 26.89 crore in the previous year ended March 2024. Sales rose 35.80% to Rs 173.21 crore in the year ended March 2025 as against Rs 127.55 crore during the previous year ended March 2024.
For the quarter ended March 2025, the company reported a net profit decline of 40.14% to Rs 6.01 crore as against Rs 10.04 crore during the previous quarter ended March 2024. Sales declined 39.73% to Rs 26.35 crore in the quarter ended March 2025 as against Rs 43.72 crore during the previous quarter ended March 2024.
The market capitalization of Network People Services Technologies Ltd (NPST) stands at ₹4,033.82 crore as of June 20, 2025. The company has a market cap of ₹3,989 crore with revenue of ₹173 crore and profit of ₹44.9 crore. The stock is trading at 38.5 times its book value with a P/E ratio of 88.3.
Network People Services Technologies has established relationships with major financial institutions, including:
- Canara Bank
- Syndicate Bank
- Kerala Gramin Bank
- Karnataka Gramin Bank
- IBM India Private Limited
- Cosmos Cooperative Bank
These partnerships are primarily for mobile banking solutions. The company has been authorized to provide Bharat Bill Payment Services (BBPS) through a strategic alliance with TJSB Bank.
The company acts as an authorized agent under NPCI for delivering Bharat Bill Payment Services (BBPS) and has secured orders for mobile banking solutions from one of the largest public sector banks, Canara Bank. In 2017, the company partnered with IBM India Private Limited as a technology partner for Canara Bank.
The company has demonstrated robust recovery, achieving a 24% quarterly growth and a 36% annual increase. This growth is driven by strategic initiatives such as new product launches and international expansion, particularly in Africa. Operational efficiency is evident with improved EBITDA margins and a significant rise in earnings per share, reflecting strong financial health.
Recent announcements include securing contracts to develop digital payment infrastructure for regulated financial institutions in Africa, highlighting the company's international expansion efforts. The company has also been actively expanding its product portfolio and securing new business opportunities.
The Board of Directors, at their meeting held on May 27, 2025, recommended a final dividend of Rs 2 per equity share (i.e., 20%), subject to the approval of shareholders.
Network People Services Technologies Limited is listed on both NSE (symbol: NPST) and BSE (code: 544396). The 52-week high of the stock is ₹3,577 and the 52-week low is ₹1,505. The company maintains a debt-free balance sheet with promoter holding at 67.6%.
The company's focus on technological innovation, strategic partnerships, and expanding market presence positions it well in the rapidly growing digital payments ecosystem in India. With ongoing investments in AI-powered RegTech solutions and international expansion, Network People Services Technologies continues to strengthen its position as a leading fintech solutions provider.
